What private investors need to know before They will approve you

Sunday, March 8, 2009

Most Private lenders want to know the following before 
considering lending you money.  Put together a brief
summary of the following questions will greatly increase 
the chance of you getting approved.
  • A brief summary about the business and the principal owners
  • amount needed
  • use of proceeds and how it will benefit your business
  • Term needed and how you plan to pay back the loan
  • List of collaterial and a Personal financial statement.
For more information email   weapprove@gmail.com

Non-Institutional Forms of Lenders and How Private Financing can be Achieved

Friday, March 6, 2009

Private financing options are available for personal, investment, and commercial purposes. Private financing simply means you are not dealing with a traditional bank. Private financing can be obtained from private parties who are also known as Angel Investors, hard money lenders, private equity investors, investment groups, or venture capitalists.  Angel investors make up the largest – and the most flexible group – of private financing options. Angel investors may be relatives, friends, colleagues, or persons as yet unknown to you. If your scope of acquaintances does not yield suitable private financing, spread the word about your project among all of the above, as well as bankers, brokers, business development groups, etc. The right angel investor will for private financing will probably be someone who has some knowledge of your industry. Angel investors may provide a simply loan, repayable with interest and possibly points and a prepayment fee. Alternatively, they may want to take an equity position with your company, taking stock in combination with or instead of interest on the private financing they offer you.  Private equity lenders, aka venture capital firms, can be thought of as a group of Angel Investors providing private financing as a group. Venture capital firms sometimes offer incubators: office suites in which their darling companies (for whom they provide private financing) are housed, watched over, and assisted through the early stages of development. To give private financing groups the returns that their investors are looking for, private equity lenders always want a piece of the action. In exchange for the private financing they offer, private equity lenders take an equity position in your company through stock or some other means and become your financial partner.  Private financing obtained in exchange for stock can be an excellent way to get the initial operating capital needed to start a business, but it can be extremely expensive on the far end. While you will likely not be paying interest in the early stages of your business, you will pay dearly should you become a success.  If you have real estate to collateralize, you may be able to obtain private financing without having to give away an equity position (and a place on your Board, control of your business decisions and all that comes with having a financial partner) by working with a hard money lender. Naturally, hard money lenders can provide financing for real estate investment projects, land acquisitions, and construction projects. But, by collateralizing real estate you already own, you may be able to obtain private financing for purposes completely unrelated to real estate. When it comes to hard money private financing, the use of funds is not as important as a clear indication of how the loan will be paid back. Naturally, if you are unable to repay the loan, the real estate collateralized by this kind of private financing will be sold off by the private financing lender, just as traditional banks foreclose on homes when you cannot pay the mortgage.  Regardless of the path you choose in obtaining private financing, you will find private financing companies are more flexible in lending criteria than banks, SBA, or similar traditional lending institutions. Check out private financing companies and brokers online to see which will suit your business needs most effectively. 


Stated income Nationwide

Thursday, March 5, 2009

 NATIONWIDE STATED LENDING: MOST COMMERCIAL PROPERTY TYPES. $125,000 - $375,000. MIN MID CREDIT 640 RATE 8.5% - 11.4% . This Program is for borrowers that need money, it is not for Rate shoppers.


COMMERCIAL REFINANCE OR PURCHASE 65% MAXIMUM, 80% CLTV Ok. Profitable Tax Returns Required. Minimum 660 Experian Credit. Rates 6%-7.5% . Cash Out Only to Pay off Mortgage plus any Personal or Corporate Debt



No Construction.No Land.No Farms.

No Gas Stations.No Churches. No Residential.


Email for more info   weapprove@gmail.com


Tags:  Hard money, commercial, stated income, fast closings,

Using hard money & bridge loans to stall foreclosure on a commercial or residential property

Hard money loans can forestall a foreclosure. Such loans are the specialty that brings out the best and the worst in non-conforming (aka hard money) lenders. If you are facing foreclosure on a property – either one that you own or one that you want to purchase before it hits or is already in foreclosure, hard money lenders may be your only resource for sufficient cash in a timely manner.  Hard money lenders can fund a real estate purchase or refinance loan in two weeks – or sometimes even less – from the time all your documentation is in their hands. Be sure to have all your documentation ready for your broker or lender. Use the following list as a guide:

  • Written real estate appraisal with photos
  • Purchase contract if you are purchasing the property
  • Personal financial statement
  • Income statement for the borrower
  • 2 yrs P&L for the property if it is income producing
  • 2 yrs Tax returns for the borrower
  • Statement of use of funds
  • Proof of where the balance of funding will come from (such as a bank statement showing the funds available) if you are buying the property.  Being prepared with a complete package will speed your funding.
Contact Rich for more info   weapprove@gmail.com

Definition of Hard Money

Wednesday, March 4, 2009

hard money loan is a specific type of asset-based loan financing in which a borrower receives funds secured by the value of a parcel of real estate. Hard money loans are typically issued at much higher interest rates than conventional commercial or residential property loans and are almost never issued by a commercial bank or other deposit institution. Hard money is similar to a bridge loan which usually has similar criteria for lending as well as cost to the borrowers. The primary difference is that a bridge loan often refers to a commercial property orinvestment property that may be in transition and does not yet qualify for traditional financing, whereas hard money often refers to not only an asset-based loan with a high interest rate, but possibly a distressed financial situation, such as arrears on the existing mortgage, or where bankruptcy and foreclosure proceedings are occurring.

Many hard money mortgages are made by private investors, generally in their local areas. Usually the credit score of the borrower is not important, as the loan is secured by the value of the collateral property. Typically, the maximum loan to value ratio is 65-70%. That is, if the property is worth $100,000, the lender would advance $65,000-70,000 against it. This low LTV provides added security for the lender, in case the borrower does not pay and they have to foreclose on the property.

Need Hard Money

Tuesday, March 3, 2009

Rates as low as 9% and 3 points.  Close in as little as 5 Days


  • Rates as low as 9% and 3 points
  • 48 hour commitment
  • Fast turnaround with limited documentation
  • Proceeds for Business Use Only
  • Up to 70 LTV
  • Bridge Loans
  • Hard Money
  • Receivables Financing
  • Bankruptcies & Foreclosures
  • Own Real Estate and/or Equipment and short on Cash and credit?


Please email:  weapprove@gmail.com for more information